M&A Deal Summary

BPL Medical Technologies Acquires Penlon

On September 1, 2015, BPL Medical Technologies acquired medical products company Penlon from Altaris

Acquisition Highlights
  • This is BPL Medical Technologies’ 1st transaction in the Medical Products sector.
  • This is BPL Medical Technologies’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-09-01
Target Penlon
Sector Medical Products
Buyer(s) BPL Medical Technologies
Sellers(s) Altaris
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Penlon

Abingdon, United Kingdom
Penlon is an UK manufacturer of anaesthesia equipment. Penlon designed and manufactured anaesthetic vaporisers, anaesthesia management systems and related products primarily used by anaesthetists in hospital induction rooms, operating theatres and recovery rooms. Penlon was founded in 1943 and is based in Abingdon, United Kingdom.

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Buyer(S) 1

Buyer

BPL Medical Technologies

Bangalore, India

Category Company
Founded 1967
Sector Medical Products
DESCRIPTION

BPL Medical Technologies is an Indian Medical Device company, offering a wide range of healthcare solutions in six segments namely Cardiology, Critical Care & Surgery, Women & Child Care, Imaging, Homecare and Consumables & Accessories. BPL Medical Technologies was founded in 1967 and is based in Bangalore, India.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Altaris

New York City, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 14 of 28
Sector: Medical Products M&A 6 of 9
Type: Add-on Acquisition M&A Deals 6 of 11
Country: United Kingdom M&A 1 of 1
Year: 2015 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-19 Trean

Wayzata, Minnesota, United States

Trean is an insurance services company providing program management, reinsurance brokerage, consulting and risk transfer services to small and medium-sized insurance organizations. Trean is based in Wayzata, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 International Medical Group

Indianapolis, Indiana, United States

International Medical Group, Inc. is a provider of medical insurance products and assistance services. IMG offers a full line of international medical insurance products, as well as trip cancellation programs, medical management services and 24/7 emergency medical and travel assistance all designed to provide members Global Peace of Mind® while they’re away from home. International Medical Group, Inc. was established in 1989 and is headquartered in Indianapolis, Indiana.

Sell -